Good morning and welcome to this week’s Friday Brief.
This week has seen some extraordinary political developments in the story of Brexit, with a deal between the UK Government and the EU and then the spectacular political fall-out in Westminster. The MTA has consistently supported efforts to get a deal in order to keep as good access to EU markets as possible, protect international supply chains and avoid the inevitable economic turmoil that ‘No Deal’ would bring. We are continuing to press that case on politicians directly and in concert with other business stakeholders. It certainly makes our AGM speaker, Brexit expert Prof. Anand Menon, even more unmissable on the 4th of December and the opportunity to speak directly to parliamentarians at the following Reception even more important.
The Made Smarter Now North West Pilot was launched this week at Smart Factory Expo in Liverpool. The programme is set to engage with 3,000 SME manufacturers based in Cheshire and Warrington, Cumbria, Lancashire, Greater Manchester and the Liverpool City Region to boost productivity. Find out more about the scheme in the story below and how you can get involved in the project.
Manufacturing 2075 is a one-day symposium focusing on the long term global manufacturing challenges, taking place on 5th December at Cranfield University. The event will start with a set of keynotes from manufacturing thought leaders, social science experts, educationists and technology innovators followed by a series of brainstorming sessions to capture delegate imaginations.
Yamazaki Mazak’s traditional November Open House will boast a star-studded cast of machines, guest speakers, tours and live machining demonstrations. The Open House, which will run from 20-22nd November 2018 at Mazak’s European Technology Centre in Worcester. Please see the story below for more details.
The MTA is signed up to the Safety and Health in Engineering Partnership (SHEP). The purpose of the partnership is to enable the engineering industry to influence and inform HSE so that we can all act together in line with HSE’s Helping GB work well strategy to improve health and safety standards within the engineering sector. We are asking members to complete the short survey in order to enable us to gain a broader understanding of some of the challenges smaller engineering companies face. See the within the Brief to take the survey.
EEPC INDIA is organizing a Reverse Buyer Seller Meet (RBSM) on 26 & 27 January 2019 at IMTEX 2019, Bangalore. IMTEX 2019 organised by Indian Machine Tool Manufacturers Association (IMTMA) is one of the most highly regarded machine tool shows in Asia and is expected to have over 1000 exhibitors and around 90000 visitors from across the globe. The MTA will be hosting a UK Pavilion at the event.
With the UK data for manufacturing output and GDP out last week, it was the turn of Eurostat to release their equivalent figures this week; the whole economy data pointed to a noticeable slowdown in the pace of growth, with the actual fall in GDP in Germany compared to the 2nd quarter perhaps the biggest surprise. For industrial output, there was a small month-on-month fall for both the Euro-zone and the EU28 groupings, but the overall level is still higher than it was a year ago. For once, the good news is in the detail with the capital goods sub-sector (where most of our customers will be) the best performing part of industry on both the monthly and annual comparisons and for both the Euro-zone and the EU28. Back home, we also complete our round up of the data that was released last Friday, but which did not quite make it into our report. There was good news in the trade data with a substantial fall in the deficit for trade in goods (although it is still a big number) – this came as a result of exports rising by more than imports. The less good news was the fall in overall business investment, but with some encouragement from the data on spending on “ICT & Machinery” which managed to be broadly flat within the overall fall. We will wait for the detailed figures by industry to see if our customers are the ones bucking the trend.
That’s all for this week, we’ll be back next Friday with more industry news, until then have a great weekend, from everyone at the MTA.